Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Korea to grow 3.3% this year: foreign IBs
Foreign investment banks projected the South Korean economy would expand 3.3 percent in 2012, slowing from last year’s 3.6 percent gain, as growth momentum weakens amid uncertainties stemming from the eurozone debt crisis and slowing global economic expansion, a report showed Thursday.But the average growth projection by a total of 10 overseas investment banks is 0.1 percentage point lower than the 3.4-percent expansion estimate for Asia’s fourth-largest economy made in January by nine global in
March 22, 2012
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‘KOSPI to rise steadily in first half’
Analysts predict improved sentiment, foreign investment to push market upEquity analysts projected Seoul shares to continue their rally for the next few months with improving business sentiment and earnings expectations, especially as capital injections continue from advanced countries.Oh Tae-dong, a strategist at Taurus Investment & Securities, forecast the benchmark KOSPI to reach up to 2,300 by the end of June, before it fluctuates more heavily in the second half due to policy risks and possi
March 22, 2012
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Seoul pushes to include Gaeseong products in Korea-U.S. free trade deal
South Korea is pushing to include the Gaeseong industrial zone in North Korea in its free-trade deals with the U.S. and Europe, a step that would deepen cross-border ties after the North’s leadership transition. “Unification is already taking place in Gaeseong, with daily encounters and shared interests,” said Yoo Dong-ok, the chairman of Daewha Fuel Pump Industries and a spokesman for South Korean companies operating in the manufacturing enclave. Shipments from the factories, mostly textiles an
March 22, 2012
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KEPCO E&C targets W5tr in sales ...by 2020 through overseas expansion
Designer of nuclear power plants upgrades safety features after Fukushima accidentThe tsunami that crippled the Japanese nuclear power plant a year ago led governments around the world to check the safety of their atomic facilities, with some deciding not to build new ones.KEPCO Engineering and Construction Co., Inc., which designs nuclear, thermal, hydro and combined cycle power plants, reviewed the safety of its nuclear power stations from square one.“A government-led safety inspection was con
IndustryMarch 22, 2012
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Coffee culture carries caffeine risk
Caffeinated drinks take away calcium, curb bone growth for teenagers: expertsKoreans are definitely caffeinated: They love coffee, cola and chocolate as well as foods that contain a large amount of the stimulant. Though it has been less than two decades since global coffee shop franchises were introduced to the country, industry insiders said about 37 million cups of coffee are sold every day, which means that 24 million economically active people drink more than one cup of coffee a day. “I love
TechnologyMarch 22, 2012
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Ewha Hospital offers free dental treatment
The Dental Department of Ewha Womans University Medical Center will offer free treatment for gum disorders from 1 p.m. through 3 p.m. on March 28.The free event will be held at the hospitals’ grand meeting room in Mok-dong in eastern Seoul. The doctors will not only examine patients’ gums and treat them free of charge, but also give lectures on how to maintain dental health. Participants can take home toothpaste or toothbrushes provided after the event. For more information, call (02) 2650-2679.
TechnologyMarch 22, 2012
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Waterborne diseases on the rise
The prevalence of waterborne or food-related diseases is on the rise, the Korea Centers for Disease Control and Prevention said Monday. The center also called for extra care in personal hygiene as the weather grows hotter. The number of such diseases reported between Jan. 1 and March 14 this year was 32, up from 24 cases a year earlier. The number of patients increased to 780, up from 492 over the same period.Norovirus, which causes gastroenteritis, took the lion’s share with seven cases, follow
TechnologyMarch 22, 2012
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Joint replacement gives seniors leg up on activity, longevity
SACRAMENTO, California ― A lifetime of wear and tear on his joints caused Dick Pryor, a 77-year-old retired landscape architect, to undergo not one but two surgeries to replace his knees.Neither slowed him down for long.“With one knee replacement, I was back skiing three months later,” said Pryor, a Sacramento, Calif., resident who began skiing a half-century ago. “I could have gone skiing sooner, but the snow wasn’t any good.”Like Pryor, many of his 130 fellow members of the Sacramento, Calif.,
TechnologyMarch 22, 2012
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Prominent nuclear industry leaders to gather in Seoul
A number of high-profile nuclear industry officials will attend the two-day Nuclear Industry Summit starting Friday aimed at bolstering international cooperation to enhance nuclear safety and security.Co-chairs of the NIS International Advisory Committee such as John Ritch, director general of the World Nuclear Association; Roger Howsley, president of the World Institute for Nuclear Security; Laurent Stricker, chairman of the World Association of Nuclear Operators; and Marvin Fertel, president o
IndustryMarch 22, 2012
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Industrial electricity sales up in Feb.
Electricity consumption by South Korea’s industrial sector gained 9.7 percent from a year earlier last month, fueled by solid export growth, the government said Thursday.Sales of industrial electricity reached 21.09 billion kilowatt-hours in February, according to the Ministry of Knowledge Economy. The increase represents a rebound from 0.6 percent minus growth tallied in the first month of the year when the country recorded a trade deficit caused by weak exports.Industrial electricity sales ser
March 22, 2012
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Study of ‘meth babies’ finds behavior problems in childhood
The first study to look at methamphetamine’s potential lasting effects on children whose mothers used it in pregnancy finds these kids at higher risk for behavior problems than other children.The behavior differences - anxiety, depression, moodiness - weren’t huge, but lead researcher Linda LaGasse called them “very worrisome.”Methamphetamine is a stimulant like crack cocaine, and earlier research showed meth babies have similarities to so-called “crack babies” - smaller in size and prone to dro
TechnologyMarch 22, 2012
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IBM, NYC hospital training Watson in cancer
WHITE PLAINS, New York (AP) _ The medical training of IBM's speedy Watson computer will continue with a residency at a renowned Manhattan cancer hospital. FILE - This Jan. 13, 2011 photo provided by IBM shows the computer system known as Watson at IBM's research center in Yorktown Heights, N.Y. The
TechnologyMarch 22, 2012
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Bird-like wings carry man 330 feet
A Dutch man said he completed a flight of about 330 feet using homemade wings based on those of a bird. Jarno Smeets, 31, an engineer, said he controlled the 55-foot wings using two Nintendo Wii controllers, the accelerometers from an HTC Wildfire S smartphone and Turnigy motors when he took off Sunday at a park in The Hague and flew for about a minute. "Ever since I was a little boy I have been inspired by pioneers like Otto Lilienthal, Leonardo da Vinci and also my own grandfather," Smee
TechnologyMarch 22, 2012
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Baldness protein found in study that may lead to treatments
(MCT)Bald spots had an excessive amount of a protein called prostaglandin D2 or PGD2, according to a study in Science Translational Medicine. Merck’s experimental treatment for facial flushing and Actelion’s allergy compound, both in late- stage studies, block the protein. About eight out of 10 whit
TechnologyMarch 22, 2012
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Spongebob beware: ‘Robojelly’ eyes the oceans
“Robojelly” mimicks the action of the jellyfish, which uses a circular muscle to open out a bell-like body and then sharply close it, which expels water and moves the creature forward. This undated photo released by the BMDL and CEHMS labs at Virginia Tech in Blacksburg, Virginia, show the robo
TechnologyMarch 22, 2012
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Google customers sue over changes to privacy policy rules
Google Inc. (GOOG) customers sued the company over claims they were deceived by its new privacy rules merging separate policies for about 60 services into one. The suit seeks to represent in a group, or class action, people who held Google accounts and mobile phones powered by its Android operating
TechnologyMarch 22, 2012
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One-person, single-parent households surge: stats
The number of single-parent homes and single-person households grew to almost half of the country’s total family units, reflecting demographic changes that came with more people living alone and divorces, Statistics Korea said Wednesday. More than 48 percent were households with one or two occupants in 2010, up from 29.6 percent in 1995. The average number of occupants per household dropped to 2.69 for 2010, from 3.4 in 1995.“The sharp increase can be attributed to the rise in single adults and
March 21, 2012
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No new duty-free shop licenses for conglomerates
More pressure on chaebol to pull out from sectors for small businessesConglomerates will be refused business licenses for new duty-free shops catering to foreign tourists, the government said Wednesday. The duty-free shop license policy and other related measures were decided at the government’s crisis management meeting to protect small businesses. Under the plan, the Korea Customs Service will no longer grant duty-free shop rights to big businesses, favoring instead small and medium-sized com
March 21, 2012
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Seoul to curb unfair pricing that undermines free trade pacts
South Korea will crack down on unfair pricing practices in the distribution sector that undermine free trade pacts with its trading partners, top economic policymakers said Wednesday.Officials including Finance Minister Bahk Jae-wan said in a weekly economic review meeting that Seoul will closely examine the consumer prices of products that have benefited from free trade agreements.If there is a wide gap between import and consumer prices, which can be a sign of excessive profit taking, the gove
March 21, 2012
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Top 10 firms suffer decline in 2011 profits
South Korea’s top 10 business groups saw their earnings decline in 2011 on the economic downturn and rising costs of raw materials, data showed Wednesday.According to the data compiled by Chaebol.com, a corporate information provider on large businesses, the combined net profit of 81 listed companies affiliated with the country’s top 10 conglomerates reached 35.8 trillion won ($31.8 billion) last year, a drop of 19 percent from a year earlier.Their operating income also declined 13.3 percent to
March 21, 2012